THE ROLE OF SMALL AND MEDIUM ENTERPRISES IN THE ECONOMIC DEVELOPMENT OF DEVELOPING COUNTRIES

UDC 338.242
DOI: 10.36871/ek.up.p.r.2025.01.06.004

Authors

Aisylu A. Akhmetgareeva,
Naberezhnye Chelny branch of the UVO “University of Management “TISBI”, Naberezhnye Chelny, Russian Federation
Petimat T. Gekhaeva,
UVO "University of Management "TISBI", Kazan, Russian Federation
Pavel K. Durnovtsov,
"Russian University of Cooperation" Kazan Cooperative Institute, Kazan, Russian Federation

Abstract

The article analyzes the role of small and medium enterprises (SMEs) in the economic development of developing countries. It examines the contribution of SMEs to job cre-ation, poverty reduction, improvement of social stability and stimulation of economic growth. Attention is paid to the impact of innovation and digital technologies on the development of SMEs, and key factors influencing their performance are analyzed. The problems and challenges faced by SMEs, such as limited access to finance, lack of infrastructure and competitive threats from large corporations, are discussed. The article also offers prospects for further growth of SMEs in developing countries, emphasizing the need for support from the state and international organizations. Finally, recommendations are offered to improve the conditions for the develop-ment of small and medium enterprises and maximize their contribution to sustainable economic development.

Keywords

small and medium enterprises, developing countries, economic development, social impact, innovation, financing, digitalization, competition, government support